The company said revenue for Q1 2024 (3 months) rose to $7,260 million, up 6% from a year earlier, and its net loss narrowed to $(106) million from $(346) million in the year-earlier period. New orders were $9.7 billion.

1. 01

   The company said revenue for Q1 2024 (3 months) rose to $7,260 million, up 6% from a year earlier, and its net loss narrowed to $(106) million from $(346) million in the year-earlier period. New orders were $9.7 billion.

2. 02

   GE Vernova said Adjusted EBITDA for Q1 2024 was $189 million, turning from $(185) million a year earlier, and that the Adjusted EBITDA margin was 2.6%, compared with (2.7)% in the year-earlier period.

3. 03

   The company said cash from operating activities for Q1 2024 was $(444) million, and free cash flow, which reflects capital expenditures of $(217) million, was $(661) million. The year-earlier figures were $(690) million and $(814) million, respectively.

4. 04

   The company said it reaffirmed its full-year 2024 guidance, calling for revenue of $34 to 35 billion, cash from operating activities of $1.5 to 1.9 billion, and free cash flow of $0.7 to 1.1 billion. It set the adjusted EBITDA margin at the high end of mid-single digits.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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